The former officers involved are ex-Chief of Air Staff, Adesola Amosu; ex-Chief of Accounts and Budgeting, Jacob Adigun and ex-Director of Finance and Budget, Olugbenga Gbadebo, Punch reports.

12 properties were reportedly seized from Adigun, while 11 were seized from Amosu and six from Gbadebo.

“Adigun spent most of his own share of the money on properties and so we did not recover much cash from him. Amosu, however, returned over N2.3bn and raised two bank drafts,” a source told Punch.

The source added that properties seized from Amosu included a house on Adeyemo Alakija Street, Victoria Island, Lagos, worth N250m; a duplex at House 11, Peace Court Estate, GRA, Ikeja, Lagos, worth N110m; a N40m property located at NAF Harmony Estate, Asokoro Base and a five-bedroom house at Valley NAF Estate, Port Harcourt, worth N33m.